School of Management (capstones)

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Browsing School of Management (capstones) by Subject "cost-benefit analysis"

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    IMPROVEMENT OF FOOD SAFETY MANAGEMENT SYSTEM FOR THE UKRAINIAN MANUFACTURER: A CASE STUDY OF MEETING THE REQUIREMENTS OF THE ISO 22000 STANDARD AT LLC 'SMACHNI TRADYZII’
    (Manuscript, 2025) Pasichnyk, Yuliya
    Ensuring food safety is critical to the food industry, as it directly impacts public health, brand reputation, and regulatory compliance. This capstone project explores the importance of implementing Food Safety Management Systems (FSMS) in food companies, focusing on how these systems enhance operational efficiency and reduce risks associated with foodborne illnesses. The project aims to enhance the operational efficiency, compliance, and sustainability of the company LLC 'SMACHNI TRADYZII’ by developing and implementing a modernized food safety management system. The project seeks to address current challenges in streamlining processes and align them with international and state standards to promote continual improvement and stakeholder satisfaction and avoid extra losses in terms of recalls, loss of reputation, and other expenses. The object of the research is the operational processes, frameworks, and compliance strategies employed by the company LLC 'SMACHNI TRADYZII’ in the sphere of food safety. This includes analyzing how these entities implement ISO standards and enhance their effectiveness to meet organizational objectives and stakeholder expectations. The study evaluates global standards, such as ISO 22000 and HACCP, highlighting their role in identifying, preventing, and managing hazards throughout the food supply chain. By integrating FSMS, food companies can ensure consistent compliance with legal requirements, improve consumer trust, and gain a competitive edge in the market. Through case studies and data analysis, this project underscores the financial and ethical implications of neglecting food safety and provides practical recommendations for successful FSMS implementation. The main outcomes include recommendations for improving the food safety system, including the implementation of new equipment based on cost-benefit analysis (CBA). The findings emphasize that adopting robust food safety practices is not only a regulatory necessity but also a strategic investment in long-term sustainability and market growth.